INDIANAPOLIS, Ind. – 1/03/2023 i3 Investors has expanded its portfolio into Minnesota with its acquisition of 955 James Avenue in Bloomington, one of the largest suburbs in the Minneapolis/St. Paul metropolitan area. The 114,903 SF multi-tenant industrial tech building is currently 91% occupied.
“We are excited to be entering the Minneapolis/St. Paul market because of its stable and well-diversified economy,” said i3 Investors principal, Chip Barnes. “As home to 16 Fortune 500 public companies, there is a lot of potential for continued growth in this market that will help us deliver consistent returns to our investors. We look forward to continuing to expand here.”
Crossroads Realty Advisors represented i3 in securing the debt on the property with Nassau CorAmerica.
i3’s growing portfolio includes more than two million square feet of industrial space throughout the Midwest and South with properties in Ohio, Indiana, Kentucky and Minnesota.
For media inquiries, contact
Executive Vice President
+1 317 319 8790